The totals line from Nix Company's payroll register for the week ended March 31, 20--, is as follows:

Payroll taxes are imposed as follows: Social Security tax, 6.2%; Medicare tax, 1.45%; FUTA tax, 0.8%; and SUTA tax, 5.4%.
REQUIRED
1. a. Prepare the journal entry for payment of this payroll on March 31, 20--.
b. Prepare the journal entry for the employer's payroll taxes for the period ended March 31, 20--.
2. Nix Company had the following balances in its general ledger before the entries for requirement (1) were made:
Employee income tax payable $2,500
Social Security tax payable 2,008
Medicare tax payable 470
FUTA tax payable 520
SUTA tax payable 3,510
a. Prepare the journal entry for payment of the liabilities for federal income taxes and Social Security and Medicare taxes on April 15, 20--.
b. Prepare the journal entry for payment of the liability for FUTA tax on April 30, 20--.
c. Prepare the journal entry for payment of the liability for SUTA tax on April 30, 20--.
3. Nix Company paid a premium of $420 for workers' compensation insurance based on the estimated payroll as of the beginning of the year. Based on actual payroll as of the end of the year, the premium is only $400. Prepare the adjusting entry to reflect the overpayment of the insurance premium at the end of the year (December 31,20--).

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(left side) PAYROLL EARNINES TAXNELE JAGNINS INEMPLOYMENT CUMULAIVE SOCIAN OYEREMI RIGULAI NAME syURITY TOUAL 3400 00 71 SCC 00 COMPENSATION 21 Totals $50000 S0000 5S0C00 21 (right side) REGISTER-PERIOD ENDED March 31, 20- DEDICTIONS MET FAY CHECK NO. FEDERAL SOCIAL SECURITY MEDICARE TAI EALIN OTHER INCOME TAX TAX INGURANCE DIAL INSARANCE 4 21425 21 21 5000 34100 16500 128575 20000 7975 MRIIN